Bank of New York Offers International Payment Processing Solution
The Bank of New York is offering its US financial institution clients a way of making international fund transfers which it says will significantly simplify payment processing and expand the range of funds transfer services they offer their clients. The bank said it’s service, Persutte – Global FAST DirectPaySM, allows US financial institutions to make international funds transfer payments in both US dollars and foreign currencies using their existing funds transfer systems. The bank has joined with Fundtech, to link its PAYplus USA system with Persutte for international payment processing. New features include international payment templates, automated foreign exchange rate feeds, and a foreign currency conversion calculator with mark-up capabilities.